What Is The Evening Star Candlestick Pattern & How To Trade With It

Evening Star Candlestick Pattern

An Evening Star Candlestick Pattern is often used to detect a trend reversals. It consists of three candlesticks referring to a bearish pattern. The Evening Star appears when the market is in an uptrend, signifying the potential that a trend is about to end. What is the Evening Star Candlestick Pattern? The Evening Star is not just a combination of three candlesticks. Instead, it requires an understanding of the previous price action and an existing trend. The Evening Star Candlestick Pattern emerges when the first candle is bullish, followed by a bearish/bullish candle, and the third is a bearish candle. …READ MORE